1705 Holds Again

After a long day of boxing and shipping hats, I'm glad to finally sit down and bang out an update. Lots to talk about but not very much time. Let's get to it.

First and foremost, don't ya just love support that holds and holds and holds? $1705 gold is just that. The significance of that level goes all the way back to September. Here are some of the charts we've used in the time since:

paper_9-27pmgold_0.jpgpaper_10-11goldd_0.jpg

paper_10-14amgold_0.jpgpaper_11-27gold_0.jpg

And now here's today. Gold once again held 1705 as support and looks to go challenge 1740.

paper_12-6pmgold.jpg

I found it interesting that, this time around, silver didn't challenge $31 at the same time. I printed off a chart and look what I found. It's not much but it's something:

paper_12-6pmsilv.jpg

OK. Next up, a procedural/content question. As the war drums beat louder, I've caught myself paying closer and closer attention to the headlines of the day. I've noticed that between my prowling and the readers, we seem to stumble upon notable headlines earlier than many other "news" sites, including at times ZH. Shall I change our format a little? Currently, I create new threads only once/twice per day and those threads become "Main Street". What if I were to always make my main, PM posts "sticky" and yellow at the top of the page and then use the space below to start discussions on each new, relevant/scary headline I see? Would that be too much comment/content dilution? Let me know what you think.

Speaking of headlines, here are just a few from today:

http://www.telegraph.co.uk/news/worldnews/middleeast/iran/8936797/Irans-Revolutionary-Guards-prepare-for-war.html

http://www.debka.com/article/21545/

http://news.yahoo.com/chinas-hu-urges-navy-prepare-combat-160509787.html

http://www.washingtontimes.com/news/2011/dec/5/north-korea-making-missile-able-to-hit-us/

http://www.washingtonpost.com/blogs/blogpost/post/russian-army-troops-move-into-moscow-after-election-protests-video/2011/12/06/gIQAexPBZO_blog.html

Next, have you noticed that the TurdMart is now open for business and just in time for all of your holiday gift-giving needs?! Seriously, though, I hope you like it. It's not a finished product but there are at least a couple of items there you might enjoy. The site only makes a 10% comp on each purchase so it's never going to be a big moneymaker. It's mainly there just for fun.

http://www.tfmetalsreport.com/store

One last thing. By now, many of you have noticed the biblical "address" at the bottom of each page. I'm not trying to make a religious statement with it. It's simply something that has helped me through some challenging times in my life. Well I ran into a new one today and it seemed to fit perfectly with what we have created here. I won't quote it in this post because I think it would be more fun for you to discover it yourself. When you have a moment, look up Proverbs 11:14 and let me know if you think the wisdom of the verse is worth including on the homepage somewhere.

Have a great day. I look forward to getting your feedback in the comments section. TF

Comments

GoldMania3000's picture

also..

looks like the EU/ECB, et al are on the verge of a printing deal...could be powerful

roadtoruin's picture

tanks mang!

tanks mang!

dumpstergourmet's picture

Hi-Yo...

Silver! Awaaaaay........

buzlightening's picture

All Ezero hype.

How many times we get the same old rumors regurgitated out of the Ezero?  Whatever benron has to say 12/13 fomc it'll be sell the news or anti climatic.  Maybe a 4-5 trillion QE print.  Heaven knows he's ben handing off trillions under the table to primary dealers; probably the bulk of this hot money inflow DOW run.  The whole Santa rally looks like one big black magic last gasp of a collapsing system.  Dow still above 12K after the January effect, approx 1/20/2012, I'll believe bunrokio dead head feds still have control.  Looking ever so sketchy

Swift Boat Vet's picture

Proverbs

That is an excellent verse, but I believe verse 1 totally befits your fine site.

Proverbs 11

1 The LORD detests dishonest scales,
but accurate weights find favor with him.

Swifty

RaRaRasputin's picture

Turd

Great content as always.  Drums beat louder - could you find yourself shackled to your Macbook trying to keep up and keep abreast with new threads for every topic?  Love what you do now where you comment on the main thread with any 'new' news you have come across (unless I've completely misunderstood you).

Just my sov's worth & awaiting the arrival of BTFD tee's and a big signed yellow stetson!

RaRa

Lightning's picture

Re: Proverbs 11:14

You can never go wrong by following the wisdom of Solomon, the wisest man of all time. 

saulysw's picture

I love you just the way you are...

OK. Next up, a procedural/content question. As the war drums beat louder, I've caught myself paying closer and closer attention to the headlines of the day. I've noticed that between my prowling and the readers, we seem to stumble upon notable headlines earlier than many other "news" sites, including at times ZH. Shall I change our format a little? Currently, I create new threads only once/twice per day and those threads become "Main Street". What if I were to always make my main, PM posts "sticky" and yellow at the top of the page and then use the space below to start discussions on each new, relevant/scary headline I see? Would that be too much comment/content dilution? Let me know what you think.

I like things the way they are.

The issue is more of "number of pages of comments". You don't want that to get more than, say, 10 pages max. Otherwise, you open it up and know that it'll take hours to read them all. Even 5 might be a good ballpark. The time it gets there depends on the popularity of the post, of course, but if I was you I would base my posting cycle on that.  

NW VIEW's picture

Proverbs11:14 @ Mr. T.F.

Yes being surrounded by lots of great international minds will bring safety and wisdom to the board.  

beardeus's picture

Just in case this was

Just in case this was missed.

Report: Bill Clinton Reaped Big Bucks from Corzine Firm Before Collapse

tmosley's picture

Yo Turd, If you want to talk

Yo Turd,

If you want to talk about that stuff, do it in the forums.  It will liven the place up.  Maybe put a link on the main page to the threads you start on a given news story if you want a front page presence.

I'd keep the front page devoted to silver news and commentary.

iceman321's picture

CNBS

If I hear CNBS call gold a risky asset one more time I'm going to lose my freakin mind!!!!

GLD +21% YTD.

pourty's picture

Agree with others here

Agree with others here, I'd like to see the front page remain the same, maybe put a link to a new headline-based page or a place in the forums for the other stuff.  I think mainstreet is working pretty well and wouldn't like to see it become unfocused.

Turd Ferguson's picture

RaRa, I just shipped yours

MODERATOR

RaRa, I just shipped yours this morning. So long as it doesn't run afoul of any U-boat traffic, you should get it in a week or so.

Response to: Turd
bestever's picture

I would like to see more

I would like to see more content run through this place-- there is so much interesting news going on, and often times ZeroHedge doesn't catch it or its too muddled out with lack of explanation. Keep it up Turd!

-----

Compare Silver Prices

ReachWest's picture

Format / Procedural Question

Thanks for the update. Silver is certainly looking interesting this afternoon.

As far as the idea of changing the format up a bit to include a "Sticky" post re PM's above all the other news centric posts - I, for one, like the idea. I know some folks say they don't want the Main Street area to include anything other than PM info - But - I believe these news issues we are talking about (certainly the potential conflicts in the MENA area) are absolutely pivotal to the economy and ultimately to Gold and Silver.

News is changing frequently hour by hour and Turdville certainly seems to be one of the best places to go and get a quick up-to-the-minute view of what's happening.

cris's picture

An abundance of couselors

Proverbs 11:14

English Standard Version (ESV)

14Where there is(A) no guidance, a people falls,
   but in an abundance of counselors there is safety.
 
Turd, you have done well by forming a community in which we all have "an abundance of counselors" for the hard times ahead.
 
I would suggest, as other have, that perhaps you yourself consider making a presence in the forums.  Start some threads, participate in others.  Keep the PM stuff on Main Street.  But get down and dirty with the rest of us in the forums.  Perhaps use a pen name -- it would be interesting to see how the moderators react (if they did not know it was you)!
IndigoStar7's picture

TF

Regarding news content and the amount that is generated  on here. I can crank it out at times and have held back at times also. (everyone's eye's just rolled there)  I hear ya'.

I was going to start a news thread this weekend and maybe you just provided the bump. I'll  do so later and post the thread here.  Maybe it will help consolidate the news a bit and let me be the newsie I am.  I like doing it.

Ultra86's picture

TurdMart Rules

One BTFD hat ordered. FRESH.

aether's picture

Proverbs 22:7

im not religious, but i like to tell my christian friends about this one:

Proverbs 22:7

The rich rule over the poor, and the borrower is servant to the lender.

then i ask if they are in debt...

Boardwalk's picture

Keep the News. . .

. . . .and the religion where they belong - in the forums.

RaRaRasputin's picture

Thanks Turd

I would hate for it to get lost in a boating accident! ;)

Moderator Jane's picture

Here's another thought re: News

MODERATOR

How about we just make a separate section for news items?

I realize the top nav bar is getting crowded, but we can move "About" and "Contact" to the footer and put a "News" button up at the top. The news items can go in there.

If Turd is open to it, perhaps we could get a few community news contributors to volunteer to post some links up as well.

Home page would otherwise remain the same.

TheGoodDoctor's picture

Study documents desperate

Study documents desperate conditions facing the unemployed in America

http://www.wsws.org/articles/2011/dec2011/unem-d05.shtml

Kind of grim.

Teahupoo's picture

Verse

Proverbs 11:14 is great. I'm encouraged for sure with the Luke 12:22-34. Everyone needs that reminder! Thanks for your selflessness Turd.

beach_bum's picture

Keep it as it is Turd

I think you may find things will get too splintered if there are 5 threads a day with people posting in each. I'd hate to miss a good post because I didn't get to that one blasted news thread. When there is more news than usual, just paste links as you have been, or maybe have a separate place as some have suggested. Just my 2 cents...

TheGoodDoctor's picture

I'm not sure what this means

I'm not sure what this means but those of you who have miners I have been noting some moves up and down in some them the past couple of weeks. They go up and down with some regularity. Hecla, Endeavour Silver, Silver Corp. and Nova Gold. And sometimes this group includes El Dorado and Kinross. Just wondering if anyone else has been noticing this volatility. Usually swings of 25 cents to 50 cents or better.

Turd or someone with some better charting knowledge than me, what are you seeing? Thanks in advance!

GoldMania3000's picture

santa claus is coming to town

$2000 Is Coming Into View

My Dear Extended Family,

Gold surprised the growing army of bears today. Soon it is going to resolve this symmetrical formation (the angles are beautiful) and when it does it is going to be wild.

I buy the dips because I am certain that $2000 is coming into view. Regardless, hold your Gold insurance close to your chest and not at Fast Eddie’s Clearing House.

Regards,
Jim

Bohemian Blogger's picture

(No subject)

justin99975's picture

thanks for the post turd

i think you do a great job working headlines into your post.  and there are many awesome folks here that do great service to us all by posting what's going on in the crazy world.

this place is terrific as is!

keep up the good work, and thanks to all for educating and informing.

GoldMania3000's picture

Rickards tweet

 
Jim Rickards
 
In addition to EUR/USD weakness, another clue to or targeting is end of appreciation in CNY/USD . Coming soon
Excalibur's picture

Bubble Chamber

If the news is collated in some way on the front page and discussed then we are going to have more tangents than a bubble chamber.

I say let it be.  Nothing in the ether gets past our collective eyes and ears for long and the offer of DPH for a news thread seems to  be the best of both worlds. 

Though as events unfold who knows how the site will evolve. There might be a post 'big event' world where, if the Net is still on, we need to talk exclusively about bacon!

TFHogReport.com

IndigoStar7's picture

Jane

Good idea yes

While were at it. You might consider, if it's even possible, to highlight the "store" tab up there.

It kind of blends in with the rest of them (of course)  and I wondered if a gold background in that little area and black lettering would be a nice contrast.

It would look like a small gold bar in that darker area and be more visible. I have no clue what it takes to accomplish any of that stuff. So suggesting it is the easy part and maybe not necessarily welcome.

I'll hold off on putting a news thread anywhere for now maybe. 

beardeus's picture

  MF Global fallout delays

 

MF Global fallout delays U.S. farm seed, land deals

http://www.reuters.com/article/2011/12/06/us-mfglobal-agriculture-idUSTR...

Bsong's picture

An Idea

Wow have i ever come to appreciate and learn from this site!  Thinking back I wish one thing could be different.  I wish comments on comments could be directly linked. Even if only in a sub-directory format that only shows subject header(topic) that expands once clicked.  The reason being that I'm learning as much from the community as I am from Mr. TF and have found it hard at times to stay on topic as it gets stretched out and I encounter the next good tidbit of knowledge.   I'm new to the blog world and am thinking their is probably a reason it's not this way.  But anyhow just an idea.  Thanks again! Bsong

I_ate_the_crow's picture

Gold leasing - Naked shorts

TheGoodDoctor's picture

Turd There are many important

Turd There are many important stories that need to be linked. We do a good job collecting them, but sometimes it is tough to catch up when a thread goes longer than 5 pages. I try!

Eric Original's picture

News Flow

I like it just the way it is.  Don't need another place to have to go to get breaking news.  Let 'er break right here on Main.  That's what keeps it dynamic.

beinki's picture

Just in time for Christmas

Last Rebel's picture

@Turd, Always liked this one.

@Turd,

Always liked this one. Proverbs 22:3.

A prudent man foreseeth the evil, and hideth himself: but the simple pass on, and are punished.

In other words, prepare to protect yourself from danger or suffer. Thanks for all you do.

Deo vindice

TheGoodDoctor's picture

Annie's on fire with her last

Annie's on fire with her last few postings!

http://barnhardt.biz/

Also, recommends this site. Not sure if this has been posted before but we all want to save a buck or two. Aside from the ones you want to shoot of course!

www.CheaperThanDirt.com

and here's another

www.BePrepared.com

Boardwalk's picture

All the News . . .

. . . that's fit to link is already here.  We got an in house news aggregator in Hazey.  

Just set aside a visible place and let him do his thing.  Turd and the rest of us can post there too if we want.  

Tough competition against Hazey though.

Maryann's picture

Turd, I agree

Since the news is coming fast I like it here on front page as well, and I like it when you draw our attention to it.  Maybe you could continue to add it to updates of the morning post.

Also, I like the Luke and Proverbs passages.  Either or both.  This is your blog and you are so entitled to present from whatever worldview you want.  Personally, I think it is very hard to separate out the PM info from the economic/political news info and spiritual observations, particularly in these present and coming days. 

Thanks again for all you do.

Dr Durden's picture

$1

I called $1704 yesterday. Looks like I was .058% off. Hate when that happens.

I've been eyeing FSG like hawk expecting gold to decouple from the ES like a mofo, but it's been range bound for months. At lest if it does in the next week it has some good upside potential.

TheGoodDoctor's picture

New Ann Barnhardt

New Ann Barnhardt interview.

http://www.freedomtalknetcast.com/Site_3/Netcast_Audio_Program_files/Ann...

PS Not that I mind nor am I really religious but it gets a little religious right. Just a warning to those who care.

Cynicus's picture

site suggestions

Just my twopenneth for what it's worth - would it be possible to have either threading in the comments or maybe some way of displaying comments by the number of hat tips? 

Or just keep the site as is - it is by the far the best I read in terms of both main content and comments. 

I Run Bartertown's picture

Here's some news

http://www.guardian.co.uk/world/2011/dec/05/civil-rights-naacp-voter-warning

"NAACP  -  petitions UN over 'massive voter suppression'"

OMFG, who the fuck do these communists think they are. An open appeal to supra-national powers asking them to interfere in our Domestic Affairs. These are some bold scum...appealing to the UN rather than our own legal process?!? Over showing a fucking ID to vote? Treasonous shits ought to be deported...every last one of them. 

WheelerSilver's picture

Lk 12 22:34

Awesome for dealing with worry and stress especially with finances. Thanks for that.

__________________________

~Handmade Quality Bullion~

http://www.wheelersilver.com

pourty's picture

@Good Doctor... cheaperthandirt.com...

Personally, I wouldn't touch that store with a 10-ft pole.  I won't go into detail, but suffice it to say they are not a reputable business in the eyes of many gun nuts such as myself.

There are plenty of other reputable dealers, however... midwayusa.com & brownells.com being the most prevalent and trustworthy IMO.

Sorry to get off topic...

BostonMatrix's picture

BTFD t-shirts

Speaking of Turd-related products, I've been chatting with Moderator Jane after she asked for some BTFD t-shirts. I've gone ahead and printed a batch up and am now taking orders here.

If you mention this site when you place your order I'll donate 5 bucks a shirt to the Turd.

These are printed and shipped from the UK. I checked with the Post Office and the last day they gave me for pre-Christmas postage to North America is this Friday. Which means I can only only guarantee delivery to the US and Canada in time for Santa if orders are placed in the next 24hrs (23:00 GMT). Sorry for the short notice on that front but there's nothing I can do about it. Later orders may still get through in time, who knows, but to be sure for Christmas delivery (according to the Post Office) they need the goods on Friday and I need time to print and pack them.

UK deliveries have probably got another week to order in time for Christmas.

If you missed out on the yellow hat deal, one of these could be a good alternative :o)

I've been to busy to follow the metals closely this week but just checked now and seems like they had a nice steady day. Reclaimed yesterday's losses nicely. anyone thinking we might have an end of year rally, or is that just the booze talking?

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